Autodesk (NASDAQ:ADSK) Stock Rating Lowered by Zacks Research

Autodesk (NASDAQ:ADSK) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently issued reports on ADSK. Rosenblatt Securities reduced their price target on shares of Autodesk from $375.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Royal Bank Of Canada reduced their price target on shares of Autodesk from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Morgan Stanley reiterated an “overweight” rating on shares of Autodesk in a report on Wednesday, March 18th. BMO Capital Markets reduced their price target on shares of Autodesk from $343.00 to $279.00 and set a “market perform” rating on the stock in a report on Monday, March 2nd. Finally, Wolfe Research lifted their price target on shares of Autodesk from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $333.07.

Autodesk Stock Up 1.2%

Shares of ADSK stock opened at $236.62 on Thursday. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.51 and a beta of 1.32. Autodesk has a one year low of $214.10 and a one year high of $329.09. The company’s fifty day moving average price is $241.37 and its 200-day moving average price is $264.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.85.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 26th. The software company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.91 billion. Autodesk had a net margin of 15.60% and a return on equity of 53.51%. Autodesk’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. Autodesk has set its FY 2027 guidance at 12.290-12.560 EPS and its Q1 2027 guidance at 2.820-2.860 EPS. Sell-side analysts expect that Autodesk will post 9.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Autodesk

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Patron Partners LLC grew its stake in shares of Autodesk by 0.8% in the 3rd quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after buying an additional 35 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Autodesk by 3.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,023 shares of the software company’s stock worth $325,000 after buying an additional 37 shares in the last quarter. Piscataqua Savings Bank grew its stake in shares of Autodesk by 33.3% in the 4th quarter. Piscataqua Savings Bank now owns 160 shares of the software company’s stock worth $47,000 after buying an additional 40 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Autodesk by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,267 shares of the software company’s stock worth $1,263,000 after buying an additional 41 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of Autodesk by 0.8% in the 3rd quarter. Keybank National Association OH now owns 5,403 shares of the software company’s stock worth $1,716,000 after buying an additional 42 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.